TripAdvisor (TRIP) stock was up 1% in midday trading in the stock market today after Pacific Crest Securities upgraded the travel review and metasearch travel services provider to outperform from sector perform on its growth prospects. TripAdvisor “is an accelerating growth story and we have more confidence that increasing conversion and pricing, the introduction of mobile bookings, brand advertising and longer-term monetization opportunities
TripAdvisor (TRIP) upped its full-year guidance late Tuesday, landing an upgrade and sending the stock traveling north on Wednesday. New initiatives and improving monetization from hotel shoppers are laying the runway for “a meaningful pick-up in TRIP’s top-line growth for the remainder of the year,” wrote Cantor Fitzgerald analyst Naved Khan, who upgraded the stock to buy from hold. “We see prospects for further upside from planned TV ad campaign
TripAdvisor late Tuesday missed its first-quarter targets, but upped its full-year guidance on expectations that payments from partner hotel-booking websites will increase. TripAdvisor’s (TRIP) per-share profit ex items in Q1 climbed 8% to 54 cents vs. consensus at 55 cents, according to Thomson Reuters data. Sales climbed 32% to $281 million, shy of analysts’ consensus at $282.9 million. In June 2013, the Newton, Mass.-based company launched a